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Could you expand the second point a bit more, where the last budget introduced but only from april 2015? in the simplest term if possible please.
I see. So even we bought the property ten years ago and sell after 2015, this means non-residents would need to pay for CGT, right?
But as long as I pay for the CGT of the whole property, does my sister still need to do the tax return? She's doesn't deal with this property anymore except her name on the deed.
And if we change the deed before April 2015 to my name only, would it still trigger her share of CGT? She still holds a british passport and was a UK taxpayer until she moved abroad permanently.
Also, is it correct that there won't be CGT if I decide to let out one room to a lodger, when sell in the future?
Thanks Keith for helpful advice!